In 2016 Ukraine exported 272.569 thousand tons of scrap, down by 77.5% YoY. According to the customs statistics, published by the State Fiscal Service of Ukraine, exports also fell by 83.3% YoY, to $48.623 million. In particular, in July-September 2016 Ukraine did not export any scrap, with 6.855 thousand tons exported in October 2016, 11.862…

Kazakhstan plans to reduce uranium production by 10% in 2017, Kazakhstan’s National Atomic Company Kazatomprom said in a message. This decision was made considering current oversupply on the uranium market. The target uranium production for 2017 will be reduced by 2,000 tons, which is 3% of the total global uranium production, according to 2015 UxC…

In 2016 Ukrainian metal manufacturers increased prices by 35.7% YoY. In 2015 prices grew by 25.4% YoY, in 2014 – by 31.7%. According to the State Statistics Service, coal and metallic ore prices saw the largest increase – by 18.6% and by 18.9% YoY. In December 2016 iron ore prices grew by 20.4% and of…

In February Mariupol Ilyich Iron and Steel Works intends to receive the first metal structures for construction of the new continuous-cast machine No. 4. “We have already produced and supplied over 1.5 thousand tons of rolled sheet to local manufacturers to produce the structures”, the company CEO Yuri Zinchenko said. “We have disassembled all the…

In 2016 Yuzhniy Mining and Processing Works produced 11.282 million tons of concentrate, down by 1% YoY. At the same time, sinter output went up by 29%, to 2.085 million tons. According to the company statement, in December 2016 UGOK increased concentrate output by 13.5% YoY, to 1.032 million tons, that of sinter – by…

In 2016 prices of the companies in the processing industry grew by 19.6%, in mining – by 14.1%. The wares produced became more expensive by 16.8% YoY, and services – by 3.6%. The largest increase was observed in ferroalloys – by 54%, lead – by 51.9%, rolled ferrous metals – by 39.8%, precious metals –…

Salary debts for December 2015 to the employees of the state enterprise Lisichanskugol have not been completely cleared. In addition, the miners are still awaiting 15% of April, May, June, July, August and September 2016 salaries. Thus, the total debt to the miners equals their monthly payment. “Problems with timely payment of salary at state…

Alexander Bondarev, a member of arbitrary managers of the Central Federal District, has been appointed the new temporary manager of the Krasniy Octyabr Iron and Steel Works. On August 30, 2016 the Arbitrary Court of the Volgograd region following the claim of Alfa-Bank initiated the bankruptcy procedure at the works. The court did not disclose…

In August 2015 the state enterprise Krasnolimanskaya Coal Company sold coal to trading house Resurs, that was later supplied to the state company Centrenergo, at 716.67 UAH per ton, while the coal price stipulated by the Ministry of energy and coal industry at that moment was 1100 UAH per ton. The agreement between Krasnolimanskaya and…

Chelyabinsk Pipe Plant has signed a loan agreement with Sberbank, VTB Bank and Gazprombank amounting to 80 billion rubles. The maturity of the loans is up to 7 years. The funds will be spent on refinancing the current debt under the syndicated loan obtained from 13 banks in 2012. This will facilitate an early repayment…

Ukraine in 2016 imported coal and anthracite valued at $1.467 billion, in particular in December 2016 for $172.008 million. According to the State Fiscal Service, Russia supplied coal for $906.298 million, the United States for $212.11 million, Canada for $94.374 million, other countries for $254.308 million. Thus, in money terms imports of coal and anthracite…

Coal stocks in the warehouses of thermal power plants (TPP) of Ukraine from December 25, 2016 till January 2, 2017 increased by 3%, from 1.7 million tons to 1.751 million tons, Ukrenergo has reported. In particular, anthracite coal stocks grew by 1.6%, to 891,000 tons (including 128,000 tons at Luhansk TPP), while gas coal and…

In 2016 Electrostal produced 326.187 thousand tons of continuous cast billet, up by 8.9% YoY. According to the company statement, in December 2016 it produced 27.569 thousand ton of billets. Sales in 2016 went up by 8% YoY, to 325.352 thousand tons. In December 2016 Electrostal exported 24.449 thousand tons of billets, with 313.1 thousand…

In 2016 Mariupol Ilyich Iron and Steel Works, a part of Metinvest, decreased natural gas and electricity consumption, saving $11.157 million. Last year the company saved 42.85 million cubic meters of gas and 19.4 million kW-h of electricity, CEO Yuri Zinchenko reported. According to him, energy resources consumption in steel manufacture totaled 7% of electricity…

Expert Council of the Industry’s Development Fund approved 12 preferential loans amounting up to 2.93 billion rubles (approximately $48.305 million). According to one of them, company Rare Metals of Siberia plans to organize a plant to process beryllium ores into pure beryllium and its compounds. Rare Metals of Siberia has a technology for primary raw…

Eurasian Development Bank (EDB) and the Industrial Metallurgical Holding (IMH) signed a loan agreement to boost iron ore outputs. The document was signed by Konstantin Limitovsky, Deputy Chairman of the Management Board at EDB, and Evgeny Zubitskiy, President of IMH. In accordance with the agreement, EDB will provide $90 million to IMH for eight years.…

ArcelorMittal Kriviy Rih launched geological engineering survey at the construction site of future LF-CC No. 2. On January 3, R&D Institute Mekhanobrchermet commenced the works; the first wells have been drilled at construction site. The plan is to drill approximately 50 wells in January, thus to receive accurate information about geological conditions of the site…

Terrorists of the so-called Lugansk People’s Republic receive 47% of the anthracite supplied from the occupied part of Donbass to the state power company Centrenergo as “taxes”, the State Security Service of Ukraine reports. “From the money received for supplying coal the minister of fuel, energy and coal industry of the LPR pays 47% to…

Ukraine’s Cabinet of Ministers has facilitated exports of scrap ferrous and nonferrous metals, revoking the registration of foreign economic contracts related to transactions with scrap metal. The amendments were made to some government resolutions in resolution No. 1035 dated December 28, 2016. The resolution also annuls some previous government resolutions. “The government has relaxed the…